RBC Quant Correlations
| RIDH Etf | CAD 38.49 0.33 0.86% |
The current 90-days correlation between RBC Quant EAFE and Evolve Banks Enhanced is 0.44 (i.e., Very weak diversification).The rolling correlation of RBC Quant with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.
RBC Quant vs Market Correlation
Very weak diversification
Across the chosen horizon, RIDH and DJI show a correlation of 0.42 and fall into the Very weak diversification bucket. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
RBC |
Correlation context here can be used to compare RBC Quant with related instruments. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Moving together with RBC Etf
| 0.91 | XEF | iShares Core MSCI | PairCorr |
| 0.91 | ZEA | BMO MSCI EAFE | PairCorr |
| 0.95 | VIU | Vanguard FTSE Developed | PairCorr |
| 0.96 | XIN | iShares MSCI EAFE | PairCorr |
| 0.97 | XFH | iShares Core MSCI | PairCorr |
| 0.97 | ZDM | BMO MSCI EAFE | PairCorr |
| 0.95 | ZLI | BMO Low Volatility | PairCorr |
| 0.96 | VDU | Vanguard FTSE Developed | PairCorr |
| 0.98 | VEF | Vanguard FTSE Developed | PairCorr |
| 0.72 | HGU | BetaPro Canadian Gold | PairCorr |
| 0.84 | ZGD | BMO Equal Weight | PairCorr |
| 0.84 | ZJG | BMO Junior Gold | PairCorr |
| 0.83 | HGGG | Harvest Global Gold | PairCorr |
| 0.76 | HBU | BetaPro Gold Bullion | PairCorr |
| 0.76 | HEU | BetaPro SAMPP TSX | PairCorr |
| 0.82 | GLDX | Global X Gold | PairCorr |
| 0.92 | ONEQ | CI ONE Global | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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RBC Quant Constituents Risk-Adjusted Indicators
Strong stock returns do not always mean RBC Quant ETF is outperforming its peers on a fundamental level. A thorough review of RBC Quant's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.48 | -0.03 | 0.00 | -0.06 | 0.00 | 2.33 | 14.24 | |||
| MSFT | 1.29 | -0.29 | 0.00 | -0.75 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.56 | -0.35 | 0.00 | 0.73 | 0.00 | 2.70 | 11.09 | |||
| F | 1.37 | -0.11 | 0.00 | -0.12 | 0.00 | 3.61 | 10.01 | |||
| T | 1.10 | 0.20 | 0.17 | -0.74 | 1.10 | 3.87 | 8.53 | |||
| A | 1.26 | -0.31 | 0.00 | -0.33 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.82 | -0.37 | 0.00 | -0.59 | 0.00 | 3.41 | 9.78 | |||
| JPM | 1.19 | -0.02 | 0.00 | -0.04 | 0.00 | 2.34 | 8.17 | |||
| MRK | 1.14 | 0.30 | 0.22 | 0.62 | 1.21 | 2.54 | 7.29 | |||
| XOM | 1.33 | 0.45 | 0.30 | 14.43 | 1.14 | 2.90 | 6.83 |
Be your own money manager
A disciplined portfolio workflow around RBC Quant EAFE should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.
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